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U-Haul Acquires Self-Storage Location in Maplewood to Meet Demand

(Neutral)
(Very Positive)

Rhea-AI Summary

On June 18, 2024, U-Haul acquired the former Able Mini Storage property in Maplewood, Minnesota. The site, now known as U-Haul Storage of Maplewood, spans 1.84 acres and offers 262 drive-up self-storage units. This acquisition aims to meet the high demand for self-storage in Ramsey County. The facility is managed remotely by U-Haul Moving & Storage of Maplewood, located less than a mile away. U-Haul plans to hire several new team members locally, including veterans, to support this expansion. The facility operates under extended hours throughout the week.

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Positive

  • Acquisition of a new property to meet high self-storage demand in Maplewood.
  • The facility features 262 drive-up units, expanding U-Haul's service capacity.
  • Hiring new team members locally, promoting job growth in Maplewood.
  • Veterans given hiring preference, enhancing U-Haul's reputation as a veteran-friendly employer.

Negative

  • Potential financial strain due to the acquisition cost of the new property.
  • Challenges in integrating the new facility with existing operations.

News Market Reaction – UHAL

-1.32%
-1.32% Session move

In the trading session that priced this news, UHAL declined 1.32%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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MAPLEWOOD, Minn., June 26, 2024 /PRNewswire/ -- U-Haul® acquired and is now serving customers at the former Able Mini Storage property at 1810 Gervais Court in Maplewood to better meet the self-storage needs of its customers in Ramsey County.

The property, now U-Haul Storage of Maplewood, was purchased on June 18. It is being operated remotely by U-Haul Moving & Storage of Maplewood, less than one mile away. It is the third U-Haul-owned facility in Maplewood.

U-Haul Storage of Maplewood is nested on 1.84 acres and features 262 drive-up self-storage units at affordable price points that are available for rent.

Normal business hours are 7 a.m.-7 p.m. Monday-Thursday and Saturday; 7 a.m.-8 p.m. Friday; and 9 a.m.-5 p.m. Sunday. Reserve self-storage or moving equipment on the U-Haul app or call U-Haul at Maplewood at (651) 770-3601.

"We are excited for the opportunity to grow in Maplewood and further invest in the future of this city," said Christopher Bohlman, U-Haul Company of Southern Minnesota president.

"Both of our full-service stores in Maplewood are often at self-storage capacity, so we are thrilled to have a third facility to accommodate demand. Because this site was already a self-storage property, it makes for an easy transition."

U-Haul intends to hire several new Team Members at the parent store to support the remote facility. U-Haul will look to hire locally to promote job growth in the Maplewood community. Honored as a Best for Vets leading veteran-friendly employer by The Military Times, U-Haul actively recruits veterans and gives them preference in the hiring process. Find careers at uhauljobs.com.

About U-HAUL 

Founded in 1945, U-Haul is the No. 1 choice of do-it-yourself movers with more than 23,000 rental locations across all 50 states and 10 Canadian provinces. The U-Haul app makes it easy for customers to use U-Haul Truck Share 24/7 to access trucks anytime through the self-dispatch and -return options on their smartphones with our patented Live Verify technology. Our customers' patronage has enabled the U-Haul fleet to grow to 188,700 trucks, 139,400 trailers and 43,700 towing devices. U-Haul is the third largest self-storage operator in North America with 1,004,000 rentable units and 86.8 million square feet of self-storage space at Company-owned and -managed facilities. U-Haul is the top retailer of propane in the U.S. and the largest installer of permanent trailer hitches in the automotive aftermarket industry. Get the U-Haul app from the App Store or Google Play.

Contact: 

Yasmine Esparza
Jeff Lockridge
E-mail: publicrelations@uhaul.com
Phone: 602-263-6194
Website: uhaul.com 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/u-haul-acquires-self-storage-location-in-maplewood-to-meet-demand-302183644.html

SOURCE U-Haul

FAQ

What is the purpose of U-Haul's recent acquisition in Maplewood?

U-Haul acquired the former Able Mini Storage property to meet the high self-storage demand in Ramsey County.

When did U-Haul acquire the new self-storage location in Maplewood?

U-Haul acquired the property on June 18, 2024.

How many self-storage units does the new U-Haul facility in Maplewood have?

The new facility offers 262 drive-up self-storage units.

Where is the new U-Haul Storage of Maplewood located?

The new facility is located at 1810 Gervais Court, Maplewood, Minnesota.

Is U-Haul hiring for the new Maplewood storage location?

Yes, U-Haul plans to hire several new team members locally to support the new facility.

What are the operating hours for the U-Haul Storage of Maplewood?

The facility operates from 7 a.m. to 7 p.m. Monday-Thursday and Saturday, 7 a.m. to 8 p.m. on Friday, and 9 a.m. to 5 p.m. on Sunday.